Harsh? If killing the golden goose is stupid, then this is not harsh at all.
Find out why 58% of (surveyed) General Counsel expressed outrage. Find out why 84% of (surveyed) General Counsel wanted the law firms they use to contact them about associate salaries but none did.
Brilliant law firm leaders who can not
The Wall Street Journal posts: Slater & Gordon: The World’s First Publicly Traded Law Firm
Managing Partners and other members of law firm C suites had better look at Slater & Gordon’s prospectus – it’s a gold mine, (pun intended).
Have a look at how risks are described – the Wall Street Journal post quotes
(Click on image to see original enlarged version)
I was fascinated by this piece at the Consumerist: How To Beat The Stock Market: Buy Companies With High Customer Satisfaction Scores
If the same phenomenon occurs in the legal profession, there would be a tremendous return on investment from enhancing client satisfaction.
The story is that
"Buyouts alone accounted for 277 transactions worth $121billion in Asia last year" according to The Financial Express China is most popular destination for new law firms
"The economic boom coaxed US firms such as Orrick, Milbank Tweed Hadley & McCloy LLP, Cleary Gottlieb Steen & Hamilton LLP, Morgan & Finnegan LLP, and Thelen Reid &
According to The Lawyer.com today in Australian law firms to make IPO history:
"Three small West Australian firms are set to make legal history with a proposed IPO and listing on the Australian Stock Exchange (ASX)."
"Australian law allows non-lawyers to control ownership of firms based in New South Wales, Victoria and Western Australia."
“…a bridge to full partnership…”
My friend and Edge International colleague, Ed Wesemann, shares survey results via an article in today’s Law.Com Large Law Firm Section, called Most Tier Partners Still ‘On Path’ to Equity Status, Survey Finds He surveyed 58 managing partners of firms of more than 100 lawyers and found, at the median,
Freelance writer Sarah Doherty follows yesterday’s article “Flexible work schedules save money, research shows” about which I posted: (You Can’t Afford to Keep Losing Your Women Lawyers)with another offering: Room at the top – Big law firms are making an effort to promote women into more visible and prominent positions Here’s how the
Catalyst studies show an associate’s departure costs a [Canadian] firm about $315,000 in recruiting, training, salaries, overhead, severance, outplacement and other costs – not including hiring a replacement. The stress of juggling work and family usually falls more heavily on female lawyers… So what can law firms do to be more flexible in the face
Can you define and differentiate among these terms:
Intellectual Capital? Human Capital ? Relationship Capital? Reputational Capital? Economic Capital? Structural Capital
The immediate reaction may be “those things are too subjective to be valued” or “even if they could be valued, that value would be diminimous.” But anyone who has been involved in evaluations and
My post earlier today, The Wall Street Journal Blasts Law Firm Salaries Arms Race plus the comments of Larry E. Ribstein in his Ideoblog post “Why are law firm associates paid so much?” seem to have inspired a nice piece of analysis by Bruce MacEwen in his resulting post, Associate Salaries: The Great Debate.
